YES! It is no surprise that in these tough economic times people are faced with the difficult task of credit repair. Many people have found themselves over-extended on their credit cards and have to repair some late payments and some bad decisions when it comes to credit history. Credit repair isn’t as difficult as many people might think, however , it takes time, knowledge and experience. BUT IT CAN BE DONE!!
First, you need to obtain a copy of your credit report from all three of the major credit reporting agencies, also known as The “Big Three” (Experian, Equifax, and TransUnion). They can be found quite easily on the Internet and will provide you with a copy of your credit report.
The FACT Act that was passed by Congress back in 2001 allows all consumers one free copy of their credit report per year. For this, you will need to go to www.annualcreditreport.com, however, this site, although free, does not provide you with the all important credit score. Please remember, creditors are not required to report to all the agencies, and often they will just report to one. Having all three credit reports on hand will help you analyze and repair your credit more effectively.
Once you have all three reports, go over them “with a fine tooth comb”. Check for any errors such as accounts that have been paid off but are still appearing as delinquent or accounts that you never opened or used in the first place. If you do find errors on your report, it is essential that you contact the credit bureau to make the corrections.
After making the appropriate corrections it is wise to change the way you are using credit. That includes making all payments on time and not using credit the way you used to. While it’s true that it’s virtually impossible to go through life today without using credit, you can use it wisely and not end up in trouble down the line.
Making repair to your credit is not a difficult task, but it takes time, knowledge and experience. Truly what you need to do is simply take steps to evaluate your use of credit and then see where changes can be made. Then not only will your credit be repaired, your credit score will raise as well.
Should you believe you can effectively repair your credit on your own, U.S. Credit Defense.com LLC, will provide you with a FREE Do-It Yourself Credit Repair Kit. (hyperlink to an anchor on the home page signup form).